The Dollar Index (DXY) is experiencing a significant downtrend, breaking below the 96.6 level. Historically, this has led to substantial Bitcoin pumps. While current Bitcoin price action shows a bearish trend and is being supported at the 89,000 level, the potential for a bounce back to the 90,000-92,000 range is present. A decisive break below the 89,000 support could signal further downside, but the correlation with the dollar suggests potential upside for Bitcoin if the dollar continues to fall. The current bearish flag pattern on Bitcoin's chart might lead to a further decline, targeting the 75,000 to 79,000 support zone, but this is considered less likely given the dollar's weakness.